Five Fires Foundation

Analysis

Five Fires Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Five Fires Foundation reported income of $437k and spending of $93k, leaving 79% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.9m to $437k (-77%), an average of -52% a year. The sharpest change came in the year to December 2022, when income dropped by 71%. Over the whole period it spent 7.4% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Five Fires Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within IA. Charities of a similar size with the same main cause include Max Performance Volleyball ($437k), Monterey Bay Swim Club ($437k) and Little League Baseball Inc ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.